Honeywell International's (HON) fourth-quarter sales and profit grew as its strategy to boost profit margins with new products and cost-control measures took hold. The diversified manufacturer said early Friday that Q4 earnings per share climbed 4.8% to $1.10, topping Wall Street's target by a penny. Sales rose 1.2% to $9.58 billion. Analysts expected $9.51 billion. "We've also maintained a strong long-cycle backlog, now a record $15.8 billion,"